Apple, Inc. reports first quarter profits for 2008 at one billion dollars. That's with a 'B'.
The tech giant and maker of hot-selling iPod music players and iPhones said it earned $US1.05 billion ($A1.11 billion), or $US1.16 ($A1.22) per share, on revenues of $US7.51 billion ($A7.92 billion) for the quarter, compared with $US770 million ($A812.41 million), or 87 cents per share, in the same quarter last year.
Total gross revenues for the first half of Apple's fiscal year is reported at 17 billion dollars. That's also with a 'B'.
"We remain very confident in our business and our strategy and will continue to invest in things that will delight our customers," said Chief financial officer Peter Oppenheimer.
Indeed. All it takes is a world full of gadget hungry teens.
Invest wisely.